HR software startup Borderless AI raises $5M, launches HRGPT search engine
Summary
The latest raise included the participation of Aidan Gomez and Ivan Zhang, co-founders of large language model developer Cohere Inc., which nabbed a $500 million funding round of its own last June that valued it at $3.5 billion.Hiring international employees can be challenging for enterprises because it requires navigating local employment regulations. Theres an artificial intelligence expense management tool that enables workers to upload receipts for business purchases and request reimbursements. HR teams, meanwhile, have access to a centralized file repository for storing employment documents.Shortly after launching last May, Borderless AI inked a partnership with Cohere. Employees, meanwhile, can query HRGPT about topics such as their companys expense reimbursement policy.Under the hood, the tool uses AI to scan an enterprises internal file repositories for relevant information. It includes citations in each prompt response to let workers verify the underlying AI models output.Besides retrieving information, HRGPT can also automate common HR tasks.